The right to receive pension payments will now depend on both the applicant's age and their accumulated insurance experience.
Updated retirement conditions:
At the age of 60: to qualify for a pension, a minimum of 32 years of insurance experience is required.
At the age of 63: at least 22 years of insurance experience is necessary.
At the age of 65: the threshold for receiving a pension is set at 15 years of insurance experience.
Indeed, the pension reform includes a gradual increase in the required insurance experience. By 2028, the minimum experience needed to retire at age 60 will rise to 35 years. This gradual adjustment aims to ensure the sustainability of the pension system and encourage longer participation in the workforce.
Ukrainians approaching retirement are advised to check their insurance experience using online services provided by the Pension Fund or consult a specialist to ensure they meet the requirements.